EWG Elevate Inc. acquired a new position in shares of Walmart Inc. (NYSE:WMT – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,114 shares of the retailer’s stock, valued at approximately $158,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in Walmart by 1,519.2% in the third quarter. Fisher Asset Management LLC now owns 8,129,341 shares of the retailer’s stock valued at $1,054,376,000 after purchasing an additional 7,627,286 shares during the last quarter. BlackRock Inc. boosted its position in shares of Walmart by 2.9% in the third quarter. BlackRock Inc. now owns 96,570,711 shares of the retailer’s stock worth $12,525,224,000 after buying an additional 2,712,886 shares during the period. Vanguard Group Inc. lifted its stake in shares of Walmart by 1.4% in the third quarter. Vanguard Group Inc. now owns 130,176,496 shares of the retailer’s stock worth $16,883,890,000 after acquiring an additional 1,832,388 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Walmart by 7.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 23,919,371 shares of the retailer’s stock worth $2,908,117,000 after acquiring an additional 1,685,320 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Walmart by 34.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,258,231 shares of the retailer’s stock worth $783,056,000 after acquiring an additional 1,340,328 shares in the last quarter. 31.27% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Walmart news, EVP John R. Furner sold 4,375 shares of Walmart stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $144.81, for a total value of $633,543.75. Following the sale, the executive vice president now owns 255,059 shares of the company’s stock, valued at $36,935,093.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Walmart news, EVP John R. Furner sold 4,375 shares of Walmart stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $144.81, for a total value of $633,543.75. Following the sale, the executive vice president now owns 255,059 shares of the company’s stock, valued at $36,935,093.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 157,406 shares of Walmart stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $138.00, for a total transaction of $21,722,028.00. Following the completion of the sale, the director now directly owns 260,926,943 shares in the company, valued at approximately $36,007,918,134. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,830,325 shares of company stock valued at $1,378,798,478. Company insiders own 47.06% of the company’s stock.
Walmart Stock Up 0.8 %
Walmart (NYSE:WMT – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The retailer reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.20. The company had revenue of $164.05 billion for the quarter, compared to analyst estimates of $158.67 billion. Walmart had a net margin of 1.91% and a return on equity of 20.45%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.53 earnings per share. On average, equities analysts forecast that Walmart Inc. will post 6.08 EPS for the current year.
Walmart Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, December 7th. Walmart’s dividend payout ratio is 52.34%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. JPMorgan Chase & Co. set a $155.00 price objective on Walmart in a research note on Tuesday, February 21st. Sanford C. Bernstein began coverage on Walmart in a report on Tuesday, December 6th. They issued a “market perform” rating and a $159.00 price objective for the company. Oppenheimer decreased their price target on Walmart from $165.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, February 6th. Roth Capital reissued a “buy” rating on shares of Walmart in a research note on Tuesday, February 14th. Finally, The Goldman Sachs Group set a $164.00 target price on Walmart in a report on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.44.
Walmart Company Profile
Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.
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